Tag Archive for Financing Program

Fed Faces Looming Conundrum – Professional Edition

The Treasury paid off $25 billion in Supplementary Financing Program (SFP) Cash Management Bills (CMBs) this week, resulting in a net paydown of $16 billion at Thursday’s bill settlements. That cash on top of the Fed’s deposits of cash into Primary Dealer trading accounts helped to prop stocks against a couple of waves of selling.…